Federal Reserve Governor Lisa Cook said policymakers must acknowledge that economic uncertainty carries a financial stability dimension, urging a cautious and humble approach to interpreting data. She identified the unemployment rate as a continuing barometer of labour-market slack but warned that large revisions are common when the economy shifts direction. Cook described the July U.S. employment report as "concerning," adding that sizeable adjustments to payroll figures are “somewhat typical” at turning points. Her comments reinforced market expectations for a possible interest-rate cut at the Federal Reserve’s meeting next month, with futures pricing reflecting the shift immediately after her remarks. Looking ahead, Cook said advances in artificial intelligence could affect both the employment and inflation sides of the Fed’s dual mandate, potentially aiding price stability if productivity gains materialise.